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Egypt’s trade with Nile basin countries jumps 26% y-o-y in 9M
Trade exchange between Egypt and Nile Basin countries reported on Sunday a 26.4 percent year-on-year growth to $1.614 billion for the first nine months of the year, according to state-owned statistics…
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Egypt hosts 21st COMESA Summit in New Administrative Capital
Egypt will chair the 21st Common Market For Eastern and Southern Africa (COMESA) Heads of State and Government Summit in the New Administrative Capital (NAC) next Tuesday, Minister of Trade and…
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Trade exchange between Egypt, COMESA posts $3B in 2020
Trade exchange between Egypt and the Common Market for Eastern and Southern Africa (COMESA) comprising 21 countries hit $3 billion in 2020, according to the Cabinet's Information and Decision Support…
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CBE directs banks to increase operation financing for companies amid prices hike
The Central Bank of Egypt (CBE) directed banks operating in the Egyptian market to increase financing for the operations of companies and factories, especially small and medium enterprises (SMEs),…
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CBE’s decision to increase women representation on bank boards is highly praised
The Central Bank of Egypt’s (CBE) decision to obligate banks to represent women on boards of directors, with at least two members, was highly praised by women leaders working in banks, as well as by…
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Egypt’s financial regulator reduces fees for trading operations in EGX by 20%
The Financial Regulatory Authority (FRA) announced Wednesday reducing the fees for collected and payable services for trading operations on the stock exchange by 20 percent.
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Russia unveils master plan for creation of its industrial zone in Egypt
Russia unveiled the master plan for its industrial zone to Suez Canal Economic Zone during an official visit to Egypt on 14-16 November, Russian news agency Tass reports.
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Egypt’s GDP expected to grow 5.4% in 2022: Arab Monetary Fund
The Cabinet’s Information and Decision Support Center (IDSC) issued a statement on the 15th edition of the Arab Economic Outlook report issued by the Arab Monetary Fund in November, which anticipates…
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Egypt’s unemployment rate rose to 7.5% in 3Q2021
Egypt’s unemployment rate rose to 7.5% in 3Q2021, up 0.2 percentage points from the April-June quarter, according to official data released by Capmas.
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EgyptAir, Saudi Ground Services partner during Dubai Airshow
Egypt’s flag carrier, EgyptAir, has signed a contract with the Saudi Ground Services Company during their presence at the Dubai Airshow 2021, which is being held during 14-18 November, Ahram Gate…
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